Bitcoin ETFs Saw Outflows of $2 Billion in 2 Weeks. Should You Sell?
This downtrend is an opportunity for those who are patient.
Overview
Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) lost $1.8 billion in the week ending June 26, the second-worst weekly outflow since these products launched in January 2024, then lost another $231 million on June 29, making for $2 billion of ETF share redemptions in a fortnight, and a total of around $4 billion in outflows for the month of June.
For holders of the iShares Bitcoin Trust (NASDAQ: IBIT) or the coin, it's natural to be thinking about whether to bail after seeing big outflows like this. Is it time to call it a day and sell Bitcoin?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.